A sum of Rs. 468000 amounts to Rs. 655200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 468000 amounts to Rs. 655200 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 187200. R = (187200 × 100)/(468000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

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A sum of Rs. 324000 amounts to Rs. 453600 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 9%

D. 8%

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Correct Answer: Option A

Explanation:
SI = 129600. R = (129600 × 100)/(324000 × 4) = 10%.

This question belongs to: Maths Simple Interest

Question #2

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The principal that gives Rs. 1587600 interest in 8 years at 15% SI is

A. Rs. 1323000

B. Rs. 1321000

C. Rs. 1322000

D. Rs. 1324000

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Correct Answer: Option A

Explanation:
P = (1587600 × 100)/(15 × 8) = 1323000.

This question belongs to: Maths Simple Interest

Question #3

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SI on Rs. 115500 for 3 years at 12%

A. Rs. 41980

B. Rs. 41580

C. Rs. 41380

D. Rs. 41780

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Correct Answer: Option B

Explanation:
SI = (115500 * 12 * 3)/100 = 41580.

This question belongs to: Maths Simple Interest

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